7445 Highway A1a, Melbourne Beach
Brevard County Real Estate - Grant
Grant-Valkaria is a town located south of Melbourne in Brevard County, Florida. Grant was originally established in 1925 as a fishing village, and since 1966, the city has held the annual Grant Seafood Festival. The revenues collected through the seafood festival go back into the community through college scholarships and summer break activities for the local children. Originally two separate communities, Grant and Valkaria were joined in July of 2006 to create the single Incorporated Town of Grant-Valkaria.
Grant is in East Central Florida. Grant is approximately 46 miles from Port Saint Lucie (population 164,603) and around 8 miles from Palm Bay (population 103,190).
Grant links:
Links
Brevard County
Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.
Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.
Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.
Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.
In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 7449 Highway A1a | Single Family | 0 | A | |
| 7441 Highway A1a | Single Family | 2,683 | A |
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| 7437 Highway A1a | Single Family | 3,644 | A |
|
| 7433 Highway A1a | Single Family | 3,644 | A |
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| 7429 Highway A1a | Single Family | 4,190 | A |
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| 130 Warsteiner Way | Condominium | 2,384 | A |
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| 130 Warsteiner Way | Condominium | 2,400 | A |
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| 130 Warsteiner Way | Condominium | 2,400 | A |
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| 7425 Highway A1a | Single Family | 2,680 | A |
|
| 7485 Highway A1a | Government Undefined | 0 | L | |
| 7419 Highway A1a | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 110 Warsteiner Way | Condominium | 2,216 | A |
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| 110 Warsteiner Way | Condominium | 2,400 | A |
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| 140 Warsteiner Way | Condominium | 2,400 | A |
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| 140 Warsteiner Way | Condominium | 2,400 | A |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 110 Warsteiner Way | .15 | 2,400 | $829,900 |
|
| 356 Aquarina Blvd | .3 | 2,103 | $675,000 |
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| 333 Woody Cir | .55 | 3,023 | $1,150,000 |
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| 6830 Highway A1a | 1.2 | 0 | $439,000 | |
| 6465 Highway A1a | 1.9 | 4,048 | $3,397,777 |
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| 47 Vip Is | 2.08 | 1,150 | $699,900 |
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| 6240 Highway 1 | 2.21 | 1,152 | $1,899,900 |
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| 7656 Highway 1 | 2.86 | 1,447 | $549,900 |
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| 5865 Highway A1a | 3.03 | 2,763 | $2,695,000 |
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Local Household Income
The median household income in this part of Florida is $72,768. The bottom 10% of the population earn less than $23,880 per year. The top 10% earn more than $187,088 per year. The top 1% earn more than $641,838 per year. Most renters earn between $33,936 (20th percentile) and $61,692 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $145,536 and $181,920.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $641,838 per year who should qualify for a mortgage between $1,283,676 and $1,604,595.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,015. Most renters earn between $2,828 and $5,141 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $738 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $3,300 per month and a monthly household income of $11,981 ($143,772 per year)